Infinite Uptime Raises $18.85 Million in Series B3 Funding Led by Tiger Global
Infinite Uptime, a provider of predictive maintenance solutions for industrial machinery has raised $18.85 million in its Series B3 funding round. The round was led by Tiger Global, a global investment firm, with participation from existing investors GSR Ventures, VenturEast, Mayfield, and THK. The company is also backed by Belgium-based innovative impact investor, KOIS.fund.
The company claims that its cutting-edge technology digitises assets and leverages vibration monitoring to diagnose faults and provide recommendations for large-scale industrial machinery remotely. It is currently serving more than 300 customers globally. Its clientele includes Vedanta Group, JSW Group, Tata Group, THK, Schlumberger, Marubeni Group, Ceat Tyres, Aditya Birla Group and Coca-Cola. The Series B3 funding will enable the company to further strengthen its global market share and multiply value delivery and service quality across industry segments.